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Decrypt1 min read
Ripple (XRP) News Today: May 6
TL;DR
Ripple announced a significant update for the crypto community, including support for its stablecoin RLUSD from a major exchange. Analysts predict XRP's price may exceed $2 soon, while Ripple aims to combat crypto hacks by sharing threat intelligence with the Crypto ISAC network.
Key points
- Ripple announced an important update for the crypto community
- RLUSD stablecoin received support from a major exchange
- XRP ETFs continue to attract capital
- Analysts predict XRP price may exceed $2
- Ripple will share threat intelligence to combat crypto hacks
Mentioned in this story
Crypto ISAC
RLUSD
Ripple’s team unveiled an important update concerning the entire community.
Additionally, the company’s stablecoin, RLUSD, received support from one of the biggest crypto exchanges, the spot XRP ETFs continue to attract capital, while some analysts believe that the price of the native token could surge past $2 soon.
The Latest Big Announcements
Earlier this week, Ripple touched upon the never-ending problem in the crypto sector: the hacks and the assumption that many of the attacks are carried out by North Korea wrongdoers.
The firm said it will start sharing detailed threat intelligence with the Crypto ISAC network, helping exchanges and other entities identify malicious wallets, domains, and behavior patterns linked to these hackers. Ripple believes this development will allow the industry to block attacks faster and reduce the damage they cause.
Besides addressing the threat posed by North Korean hacking groups, Ripple also saw a notable advancement in Russia. Recent reports indicated that the country’s largest securities exchange plans to start calculating and publishing indexes tracking the performance of widely known altcoins, including XRP.
The company’s most recent update concerns Swell 2026. The team revealed that registration for the event, which will take place in New York City this October, is now open. Swell is Ripple’s annual conference where the company showcases new products, shares industry insights, and brings together developers, partners, builders, financial leaders, and members of the XRP community.
RLUSD’s Advancement
Several days ago, Ripple shook hands with one of the largest crypto exchanges, OKX. The collaboration is expected to significantly expand global access, liquidity, and trading utility for the company’s stablecoin RLUSD.
The financial product, pegged 1:1 to the American dollar, officially saw the light of day towards the end of 2024, with its market capitalization now hovering well above $1.5 billion.
Other popular exchanges that have listed RLUSD over the past months include Coinone, Binance, Kraken, Bybit, and more.
Q&A
What is Ripple's latest update regarding security and hacks?
Ripple will share detailed threat intelligence with the Crypto ISAC network to help identify malicious activities linked to hackers.
Which exchange is supporting Ripple's stablecoin RLUSD?
One of the biggest crypto exchanges has announced support for Ripple's stablecoin, RLUSD.
What do analysts predict for XRP's price in the near future?
Some analysts believe that XRP's price could surge past $2 soon.
